Mr Olumide Adedoyin, Registrar, Chartered Institute of Treasury Management (CITM), has called on the National Assembly (NASS) to enact a law that would regulate acquisition and holding of foreign currencies in the…
Category: Business
CBN releases $500m to clear more verified Forex liabilities
The Central Bank of Nigeria (CBN) says it has released 500 million dollars to various sectors in its determination to address the backlog of verified foreign exchange transactions. Mrs Hakama Sidi-Ali, CBN’s…
NIMASA will address bottlenecks affecting cabotage fund disbursement – Jamoh
The Nigerian Maritime Administration and Safety Agency (NIMASA) says the bottleneck affecting the disbursement of the Cabotage Vessel Financing Fund (CVFF) will be addressed in the next six months. The Director-General of…
Dangote Petroleum Refinery Registers MOMAN, IPMAN, DAPPMAN Members for Products’ Distribution
Management of Dangote Petroleum Refinery has commenced registration of distributors for the lifting and distribution of refined petroleum products across the country. So far, members of three prominent associations, that constitute 75…
Sell Crude Oil To Dangote Refinery In Naira, Elders Forum Advises Tinubu
By Abdullahi Yusuf As the Dangote Refinery commences production, the National Patriotic Elders Forum has advised President Ahmad Bola Tinubu to ensure the sale of Nigeria’s crude oil to the refinery in…
We’ll return to Kano when business climate becomes favourable, says Shoprite
Retail Supermarket Nigeria Limited (RSNL), operator of Shoprite Nigeria, says its exit from Kano is only temporary as it plans to return to the state when the business environment becomes favourable. The…
BREAKING: Dangote Refinery Begins Production
The Dangote Refinery has started production. The largest single-train refinery in the world located in Nigeria’s commercial hub began production in the early hours of Friday. This followed the delivery of six…
Minister Raises Concern Over High Prices Of Foodstuff, Assures Of FG’s Intervention
By Abdullahi Yusuf The Minister of Trade, Industry and Investments, Doris Nkiruka Uzoka-Anite has raised concerns over the high prices of food commodities in the country expressing the Federal Government’s intention to…
CBN appoints new executives for Union, Keystone, Polaris banks
The Central Bank of Nigeria (CBN), has appointed new executives for Keystone, Polaris and Union Banks, following dissolution of the board and management of the banks on Wednesday. This is contained in…
Ramadan: Trade minister confirms refineries’ pledge of sugar price stability
The Minister of Industry, Trade and Investment, Dr Doris Uzoka-Anite, says major sugar refineries across the nation have assured her of commitment to maintaining sugar price stability. She said they assured that…
Dollar pulls back, bitcoin jumps ahead of ETF approval deadline
The dollar paused its rally on Tuesday, as traders reaffirmed their bets for a slew of Federal Reserve rate cuts this year on the belief that inflation in the U.S. is slowing…
CBN: Your money is safe in Nigerian banks
The Central Bank of Nigeria (CBN) has assured depositors of the safety of their funds in the country’s financial institutions. “Nigerian banks remain safe and sound,” declared CBN director of corporate communications…
Promise Kept: NNPC Commissions Port Harcourt Refinery
…Achieves Mechanical Completion, Flare Start-up of Refinery’s Area 5 Plant The Nigerian National Petroleum Company (NNPC) Ltd. has fulfilled its pledge of achieving the mechanical completion of rehabilitation work on Area 5…
Our Resolve To Protect SMEs Remain Unshaken – VP Shettima
…Commissions SMEDAN headquarters in Abuja Vice President Kashim Shettima has said the federal government under President Bola Ahmed Tinubu’s watch will never shift ground in its determination to protect businesses in Nigeria….
Senate Deputy President Moves To Halt Shoprite’s Exit from Kano
By Abdullahi Yusuf Deputy President of the Senate, Barau Jibrin, has put in place a machinery to halt the moves by Shoprite, one of Nigeria’s prominent supermarket chains, to close its only…
Multiple Taxes Cripple Telecom Growth, Warns NCC
The Nigerian Communications Commission (NCC) has described multiple taxation as an impediment to the development of the telecom industry as well as the overall national economy. This was made know by the…
CBN Dismisses CAR Failure Reports, Says Nigerian Banks Strong
The Central Bank of Nigeria (CBN) has assured the banking public that Nigerian banks are buoyant. The CBN said this in a statement issued by its Acting Director, Corporate Communications, Mrs Hakama…
Dangote Cement Inducts Graduate Trainees To Boost Employment
Dangote Cement Plc, last weekend, inducted 81 trainees in its Graduate Trainee programme to boost employment in the country. The company, it would be recalled, since the beginning of the programme, has…
Katsina Govt. waives “Right of Way” charges for telecom firms
The Katsina State Government has waived the Right of Way (RoW) charges expected to be paid by telecommunication firms before laying their optic fibre in any part of the state. The Chief…
Actress Lisa Yaro renovates schools, donates educational materials to IDPs camp
Lisa Yaro, Nigerian -American Actress and singer, also known as ‘Queen of the North’, has renovated school buildings and made donations of educational materials for Internally Displaced Persons(IDPs) in the Federal Capital…
How Aliko Dangote supported businesses in Nigeria-Sambajo
President of the Dangote Group Aliko Dangote has been described as a rare gem and kind hearted industrialist for nurturing trading and commercial activities in North and across Nigeria for almost four…
KEDCO Announces Prepaid Meter Upgrade with Key Change Tokens
Kano Electricity Distribution Plc. (KEDCO) has announced a system and prepaid meter upgrade that involves a Token Identifier (TID) Rollover, starting in December 2023. In a statement issued to PRIME TIME NEWS…
NNPC to Work with Partners to Reduce Methane Emissions – Eyesan, EVP Upstream
NNPC Ltd. has expressed its commitment to work with global partners in the march towards reducing methane emissions in oil and gas operations. Olufemi O. Soneye, Chief Corporate Communications Officer disclosed in…
NEPC’s Financial Support Reaches over 100 MSMEs, Exporters
The Nigerian Export Promotion Council (NEPC) has moved to assist over 100 Micro, Small and Medium Enterprises (MSMEs) and exporters on how to access finances to boost their businesses. This is even…
CITAD Empowers 50 Women in Jama’are with Vaseline, Soap Making Skills
In a bid to combat unemployment and foster entrepreneurship among young women, the Center for Information Technology and Development (CITAD), in collaboration with E-Trash2cash, organized a skill acquisition training for 50 women…